IAMGOLD reports high-grade drill intersections from its 2017 drilling program on the Diakha deposit, Siribaya project in Mali
Thursday, Feb 01, 2018
IAMGOLD Corporation ("IAMGOLD" or the "Company") today provided results from its 2017 drilling program at the Diakha deposit on its wholly owned Siribaya project in Western Mali.  In 2017, the Company completed a combined diamond and Reverse Circulation ("RC") drilling program designed to infill and increase confidence in the current resource as well as target expansions of the Diakha deposit.  Assay results are reported herein for 105 drill holes totaling 19,520 metres.

Assay intersections relating to this release include the following highlights:

Infill Drill Holes:

  • SRD17-198: 26.0 metres grading 6.79 g/t Au
    Including: 8.0 metres grading 20.52 g/t Au
  • SRD17-205: 18.0 metres grading 11.06 g/t Au
    Including: 6.0 metres grading 32.45 g/t Au
  • SRD17-215: 13.0 metres grading 2.81 g/t Au
    and 26.0 metres grading 2.62 g/t Au

Expansion Drill Holes:

  • SRD17-217: 16.0 metres grading 4.70 g/t Au
    Including: 4.0 metres grading 16.11 g/t Au
  • SRD17-226: 10.0 metres grading 5.16 g/t Au
  • SRC17-687: 16.0 metres grading 7.65 g/t Au
    Including: 4.0 metres grading 28.94 g/t Au
  • SRC17-704: 50.0 metres grading 2.01 g/t Au
    Including: 4.0 metres grading 9.70 g/t Au
Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated, "we are very pleased with the results of our 2017 program which have not only better delineated high grade structures within the known resource, but have also confirmed extensions of the mineralization to both the north and south along strike beyond the current resource pit shell. These extensions have nearly doubled the strike length of the mineralized foot print and we continue to advance towards our objective of achieving a targeted resource threshold of 2 million ounces."

About the Siribaya Project

The Siribaya project is wholly owned by IAMGOLD and consists of 8 contiguous exploration permits covering a total area of 596.5 square kilometres, located in the Kédougou-Kéniéba inlier of the West African Craton region of western Mali along the borders with Senegal and Guinea.

The project hosts current mineral resources comprising indicated resources totalling 2.1 million tonnes averaging 1.90 grams of gold per tonne for 129,000 ounces and inferred resources comprising 19.8 million tonnes averaging 1.71 grams of gold per tonne for 1.1 million ounces.

Gold mineralization is hosted within highly prospective, Birimian-aged metasedimentary, volcanic and intrusive rocks proximal to the Senegal-Mali Shear Zone. At Diakha, the largest deposit at Siribaya discovered to date, gold mineralization occurs within an albitized sandstone unit similar to that hosting IAMGOLD's Boto gold deposit in Senegal located approximately 10 kilometres to the north along strike.

For more information, please visit: http://www.iamgold.com

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